Hip-hop mogul Jay-Z is on a quest to leave no stone unturned. The rap star is attempting to add to his resume with a recent real estate development venture that will spawn J Hotels, which reportedly purchased a piece of land in Chelsea.

Jay-Z teamed up with developer Abram Shnay, his son, Scott Shnay, and Charles Blaichman to iron out details for a possible high-end hotel or an art gallery building.

"It's a great piece of property adjacent to the High Line in a great neighborhood," Scott Shnay told the New York Post.

Jay-Z, whose real name is Shawn Carter, has already had an enormous amount of success in the trendy New York neighborhood with his 40/40 Club.

In addition to his prosperous business ventures, the rapper has been nominated for five Grammy awards, including Record of the Year and Song of the Year for Rihanna's hit 'Umbrella.'